AN ACT SUBMITTING A 6-MILL LEVY FOR SUPPORT OF THE MONTANA UNIVERSITY SYSTEM TO THE ELECTORATE; AND PROVIDING EFFECTIVE DATES AND A TERMINATION DATE.

The 2007 Legislature submitted this proposal for a vote. This proposal asks Montana voters to continue the 6-mill levy to support the university system. Without voter approval, the current 6 mill levy to support the university system will expire in January 2009. If passed, this proposal would be effective on January 1, 2009 and terminate January 1, 2019.

According to 2009 revenue estimates, the projected annual revenue from the 6-mill levy is $12,505,000 for 2007 and is estimated to grow at an average growth rate of 3.36% each year through tax year 2018.

[ ] FOR imposing a levy of 6 mills for the support of the Montana university system.

[ ] AGAINST imposing a levy of 6 mills for the support of the Montana university system.

If you have questions about ballot issues, contact Elections and Government Services at (406) 444-5346, email soselections@mt.gov, or call the Secretary of State's toll-free voter hotline toll-free at 1-888-884-VOTE (8683).

2008 Ballot Issue LR-118

THE COMPLETE TEXT OF LEGISLATIVE
REFERENDUM NO. 118 (LR-118)

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:

Section
1. Tax levy for university system. There is levied
upon the taxable value of all real estate and personal property subject to
taxation in the state of Montana 6 mills for
the support, maintenance, and improvement of the Montana university system. The funds raised
from the levy must be deposited in the state special revenue fund.

Section
2. Codification instruction.
Section 1 is intended to be codified as an integral part of Title 15, chapter
10, part 1, and the provisions of Title 15, chapter 10, part 1, apply to
section 1.

Section
3. Effective dates. (1)
Except as provided in subsection (2), this act is effective upon approval by
the electorate.

(2) If approved by the
electorate, section 1 is effective January 1, 2009.

Section
4. Termination. Section 1
terminates January 1, 2019.

Section
5. Submission to electorate.
This act shall be submitted to the qualified electors of Montana at the general election to be held
in November 2008 by printing on the ballot the full title of this act and the
following:

[ ]
FOR imposing a levy of 6 mills for the support of the Montana university system.

[ ]
AGAINST imposing a levy of 6 mills for the support of the Montana university
system.

Voter Information Pamphlet

The information for each proposed ballot issue is the official ballot language written by the Attorney General's office, the text of each ballot issue, and the arguments and rebuttals for and against each ballot issue. The arguments and rebuttals have been prepared by each committee appointed to support each ballot issue and each committee appointed to oppose each ballot issue. The opinions stated in the arguments and rebuttals do not necessarily represent the views of the Secretary of State or the State of Montana. The State also does not guarantee the truth or accuracy of any statement made in the arguments or rebuttals.